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Plan B

pqrdef
pqrdef Posts: 4,552 Forumite
in Debate House Prices & the Economy
I thought there was no plan B, but it seems Gideon is now a fan of infrastructure projects to get out of recession. Er, isn't that a little, well, Keynesian? I thought that was a dirty word for the modern Tory.

He reckons he's finding the money by cuts, but shouldn't he be giving it back to us in tax cuts, to incentivise the private sector, etc?
"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    pqrdef wrote: »
    He reckons he's finding the money by cuts, but shouldn't he be giving it back to us in tax cuts, to incentivise the private sector, etc?

    Capital projects will employ people. Better this than pay people to do nothing by being on the dole.
  • System
    System Posts: 178,145 Community Admin
    Name Dropper First Post Photogenic
    Thrugelmir wrote: »
    Capital projects will employ people. .



    Engineers and Polish workers, perhaps. But not the typical UK unemployed?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Photogenic First Anniversary Name Dropper 10 Posts
    Clifford_Pope wrote: »
    Engineers and Polish workers, perhaps. But not the typical UK unemployed?

    That's rather condescending. I assume that you've been one of the lucky ones throughout your working life to date.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    you have to wonder how long these capital projects will take to get off the ground?
  • Mrs_Bones
    Mrs_Bones Posts: 15,524 Forumite
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    woodbine wrote: »
    you have to wonder how long these capital projects will take to get off the ground?

    Well if it's anything like the local enterprise zone that Cameron and Clegg came to open with great fan fare, but not a thing has been built yet over a year later. Then I won't be holding my breath waiting for these ideas to take off.
    [FONT=&quot]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT=&quot][/FONT]
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Thrugelmir wrote: »
    Capital projects will employ people. Better this than pay people to do nothing by being on the dole.
    Just what people have been saying for years. Not Tory front-bench people though.

    Conventional wisdom said there was no need to create jobs, we just needed to cut the scumbags' benefits and they would work.

    The Tories on here are a bit quiet. I think they're embarrassed at the private sector's failure to deliver. Can't blame Europe all the time, because that only shows up how dependent we are on Europe. Can't keep blaming the banks, because the banks are awash with funds (and plenty more where that came from), and there's nothing they can do with it except lend it, but it's becoming a bit clear that there's a shortage of credible borrowers.

    Instead we just get people like the token small businessman on the telly today, demanding a National Insurance holiday. Call it what you like, he just wants a state subsidy for his business. So much of the private sector now lives on big government and then complains about big government.

    But the conversion of Osborne is fascinating. The old Gideon would have given us another round of swingeing cuts.

    Cameron may have to get tough with him.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • Fella
    Fella Posts: 7,921 Forumite
    First Post Combo Breaker
    pqrdef wrote: »
    .

    But the conversion of Osborne is fascinating. The old Gideon would have given us another round of swingeing cuts.

    There haven't been any swingeing cuts, spending is still astronomical.

    The national debt is forecast to increase by £600BN during this parliament.

    The only people who say there have been swingeing cuts are morons who don't understand even the basics or nulabor types trying to con Joe Public.
  • Moby
    Moby Posts: 3,917 Forumite
    Part of the Furniture Combo Breaker First Post Name Dropper
    Thrugelmir wrote: »
    Capital projects will employ people. Better this than pay people to do nothing by being on the dole.
    It reminds me that there is nothing new in this world. The US used Roosevelts New Deal to get out of the 30's depression. After WW2 alll western economies were in a mess. The US used the Marshall Plan to get Germany back on her feet. Germany and Japan then recovered dramatically due to huge infrastructure investment. You simply have to kick start the economy in order to produce growth in order to deal with debt. The Tories are simply just so wrong. A country's economy is not like a household budget. Its far more complicated than that.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Fella wrote: »
    There haven't been any swingeing cuts
    Tell that to charities like Age UK. We're heading for a massive crisis in social services, with council support cut, DLA cut, and people who can't work being told they've got to get jobs.

    Socialists were always accused of thinking the public purse was a bottomless pit, but they understood the need for taxation. It's the Tories who think they can maintain services without paying for them.
    The national debt is forecast to increase by £600BN during this parliament.
    That's because people won't pay for the public services they need.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • Fella
    Fella Posts: 7,921 Forumite
    First Post Combo Breaker
    Yes you're quite correct. What we should do is increase public spending even more & use our special magic pot of endless money to pay for it. Child.
This discussion has been closed.
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